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CBRT Leaves One-Week Repo Rate Unchanged

Adel 20 August, 2020 5:06 pm Breaking News, Market Update

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 8.25%.

With the initial market reaction, the USD/TRY pair fluctuated wildly. After dropping below 7.2700, USD/TRY rose sharply and was last seen gaining 0.55% on the day at 7.3315.

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